Financial Information

Baird Financial Group is the ultimate parent company of all of Baird's global operations. Our primary businesses are wealth management, capital markets, asset management and private equity. Baird is fully independent and employee-owned.

*The 2015 value of Baird stock includes the book value of $37.48 per share on December 31, 2015, and cumulative cash dividends per share of $2.00, $1.85, $1.65, $1.60 and $7.50 paid in December of 2015, 2014, 2013, 2012 and 2011, respectively. Similarly, 2014, 2013, 2012 and 2011 values include the year-end book value and applicable cumulative cash dividends.

*For comparative purposes, book value appreciation includes an adjustment for the value of the dividends paid in December of each year. The compound annual return for 2011–2015 is 13.1%.

BAIRD FINANCIAL GROUP: FINANCIAL HIGHLIGHTS

Operating Results Per Share Data Financial Position Capital Other Data
Net Revenues (millions) Operating Income (millions) Book Value (fully diluted) Cash Dividend Total Assets (millions) Total Capital (millions) Associates Financial Advisors
2015 $1,286 $154 $37.48 $2.00 $2,793 $923 3,312 872
2014 $1,202 $135 $34.87 $1.85 $2,635 $890 3,172 816
2013 $1,069 $117 $31.78 $1.65 $2,259 $769 2,935 727
2012 $961 $100 $28.98 $1.60 $2,340 $703 2,787 698
2011 $925 $86 $27.19 $7.50 $2,264 $716 2,752 694
2010 $847 $84 $31.51 $2,414 $741 2,629 680
2009 $718 $62 $28.60 $2,159 $703 2,458 660
2008 $680 $71 $26.89 $1,140 $699 2,407 600
2007 $729 $105 $24.84 $1,752 $614 2,282 592
2006 $624 $94 $21.17 $1,681 $556 2,191 591

Financial information does not reflect the consolidation of certain private equity partnerships.

Net Revenues: Net revenues have been restated for comparability as the result of the completion of a correspondent clearing services contract with Northwestern Mutual Investment Services in 2006, which affected 2006 revenues.

Book Value: Baird paid cash dividends per share of $2.00, $1.85, $1.65, $1.60 and $7.50 in December of 2015, 2014, 2013, 2012 and 2011, respectively, which resulted in corresponding decreases in book value. In addition, per share amounts have been restated to give effect for a two-for-one stock split, effective February 19, 2008.

Total Capital: Total Capital includes stockholders' equity, consolidated subordinated debt and other consolidated debt having a maturity of at least one year. The regulatory net capital of Robert W. Baird & Co., the principal operating subsidiary of Baird Financial Group, was $187.6 million at the end of 2015, which is 38 times the required amount.